Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 27 Nov 2020, 11:02 AM

 

Daily Technical Highlights – (JFTECH, OCNCASH)

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JFTECH (Not Rated)

  • JFTECH gained 11.0sen (+6.40%) to close at RM1.83 yesterday.
  • Chart-wise, the stock has broken above the 20-days SMA with a long bullish candlestick, backed by higher-than-average trading volume.
  • Overall uptrend remains intact as the stock continued to trend higher, coupled with uptick in momentum indicator, we believe the price could move higher.
  • From here on, key resistance levels are seen at RM2.00 (R1) and RM2.20 (R2).
  • Conversely, key support levels can be seen at RM1.75 (S1) and RM1.65 (S2).

OCNCASH (Not Rated)

  • OCNCASH gained 7.0sen (+14.58%) to end at RM0.550 yesterday.
  • Chart-wise, the stock has broken above all the key SMAs yesterday, supported by higher-than-average trading volume.
  • Coupled with bullish crossover from MACD indicator, we believe the stock price could move higher.
  • From here on, key resistance levels can be found at RM0.615 (R1) and RM0.740 (R2).
  • Conversely, downside supports can be identified at RM0.495 (S1) and RM0.440 (S2).

Source: Kenanga Research - 5 Mar 2020

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Labels: JFTECH, OCNCASH

Related Stocks

Chart Stock Name Last Change Volume 
JFTECH 4.40 +0.15 (3.53%) 2,671,700 
OCNCASH 0.64 -0.005 (0.78%) 1,098,500 

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